VW has announced another big battery investment, this time committing €20 billion to battery production through 2030 with a new battery production spinoff named “PowerCo.” The announcement ...

Solid-state battery developer QuantumScape has signed an agreement with PowerCo that gives the Volkswagen Group’s battery arm a non-exclusive license to mass produce its technology.

Volkswagen has set aside 20 billion euros ($21 billion) for investment in its battery cell business, with the PowerCo unit managing its battery production and research from mining to recycling and ...